Top Mizuho Analyst Lifts AMD, Nvidia (NVDA) Stock Price Targets. Here’s Why
Top Mizuho analyst Vijay Rakesh increased his price targets for stocks of semiconductor giants Advanced Micro Devices (AMD) and Nvidia (NVDA) despite noting concerns about artificial intelligence (AI) spending and circularity (risk arising from a handful of companies turning to one another for their massive capital needs and computing power). Rakesh reiterated a Buy rating on AMD stock and increased his price target to $275 from $205, citing tailwinds from the recently announced deal with ChatGPT maker OpenAI (PC:OPAIQ).
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Meanwhile, the 5-star…